July 31 (Reuters) - Webtech Wireless Inc WEW.TO :
* Bsm technologies and Webtech Wireless to merge
* BSM will acquire all outstanding Webtech common shares for $0.52 in cash plus
2.136 BSM common shares for each Webtech common share
* Upon completion of the deal, existing BSM and Webtech shareholders will own
approximately 51% and 49% of the combined company
* Says agreement unanimously approved by the boards of directors of BSM and
Webtech
* Source text for Eikon ID:nCNWGgQ16a
* Further company coverage WEW.TO